Real estate firm Goodman Group has filed to develop another data center in Sydney, Australia.
In a SEARS application with the New South Wales government, Goodman has filed to develop a 90MW data center campus at 12 Mars Road in Lane Cove West.
The campus, known as Project Mars, will see the development of two two-story facilities totaling 18,830 sqm (202,684 sq ft).
The site currently features four “dated” warehouse buildings, which will be demolished. Goodman aims to invest AU$1.2 billion ($725 million) in the project.
The site was previously marketed as the Transtech Business Park.
Goodman is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the UK, and the Americas. It has projects in operation or development across Hong Kong, Australia, Germany, the US, and Japan.
Traditionally focused on logistics and industrial real estate, Goodman has been developing data centers since 2005 and has been increasing its focus on digital infrastructure in recent years.
The company claims to have a global power bank of 5GW across 13 cities, of which 2.6GW is secured and 2.4GW is in the “advanced stages” of procurement.
Earlier this year, the company announced plans to raise AU$4 billion (US$2.5bn) which will partly be used to fuel its data center build-out.
By June 2026, Goodman expects to have commenced the development of new powered shells and fully fitted facilities, totaling approximately 500MW across Sydney, Melbourne, Los Angeles, Tokyo, Paris, Amsterdam, and Hong Kong.
In its latest earnings presentation, Goodman noted the opportunity to create a new operating company for data centers that could “create significant enterprise value,” though there’s no suggestion it is actively working towards this.
Goodman is developing multiple data centers across Sydney. The company is planning a 126MW facility in Guildford West on a former Castrol site and is seeking to redevelop the former ABC television studios in the city’s North Shore area into an 80MW data center. It is also redeveloping a former Eaton warehouse site in Mascot into a 90MW facility and another 90MW site in Macquarie Park.
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